Nvidia Set to Release Q3 Earnings: What to Expect and How It May Impact the Market

Nvidia (NVDA) is scheduled to announce its third-quarter (Q3) earnings for Fiscal 2025 on Wednesday, November 20, 2024, after the market closes. This highly anticipated report is expected to have significant implications for the company’s stock and the broader tech market.

Analysts are predicting strong performance from Nvidia, with expectations of earnings per share (EPS) of $0.74 to $0.75 and revenue of $32.1 billion to $33.2 billion. This represents an 82% to 83% year-over-year increase in both EPS and revenue compared to the same period last year.

Nvidia’s Data Center segment, its largest business, is anticipated to drive much of this growth, with revenues expected to reach around $29 billion, a 100% increase from the $14.5 billion reported in Q3 last year.

The company’s stock has been on a remarkable run, with a year-to-date increase of 186.7% and a market capitalization of $3.48 trillion, making it the world’s largest publicly traded company by market cap. Investors and analysts are bullish, with many expecting the stock to surge above $150 if earnings exceed expectations.

The earnings report will also include guidance for the current quarter, which will be closely watched, especially with the debut of Nvidia’s next-generation Blackwell AI processor. CEO Jensen Huang has described demand for Blackwell as “insane,” suggesting strong future growth prospects.

The market’s reaction to Nvidia’s earnings will be significant, given the company’s influence on the S&P 500 and Nasdaq 100. A positive report could boost the tech sector, while a disappointing one could lead to a drop in the stock price towards support levels around $130.